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Engineers & Planners acquires Azumah Resources Ghana and Upwest Resources
Engineers & Planners Company Ltd (E&P) has announced the completion of the acquisition of Azumah Resources Ghana Ltd and Upwest Resources Ltd.
The company explained that the acquisition was finalised after a share transfer agreement with the Ghanaian Beneficial Owner, and the process had been duly registered with the Registrar of Companies with prior approval from the Minerals Commission.
According to E&P, the deal formally placed the Black Volta and Sankofa Projects under its full ownership and management.
The company described the acquisition as a landmark achievement not only for itself but also for Ghana’s mining industry, stressing that after decades of inactivity, the projects were now set for full-scale development under Ghanaian leadership.
E&P indicated that it had secured the necessary funding to begin immediate development.
It further explained that part of the plan involved working with the Ghana Revenue Authority (GRA) to audit and confirm all loans previously recorded as investments in the projects.
The company added that all genuine loans would be repaid, subject to applicable taxes, to ensure fiscal compliance and safeguard state revenue.
The company said the secured funding would be deployed to commence mine construction and operations within the shortest possible time.
E&P noted that the acquisition was not just a commercial opportunity but also a national duty, pointing out that the Black Volta and Sankofa Projects had remained undeveloped since 1992.
The company further stressed that moving the projects forward would create jobs, stimulate local economic activity, and contribute royalties and taxes to the state.
It added that communities in the Upper West Region would benefit from infrastructure and social investment linked to the projects.
The Chief Executive Officer of Engineers & Planners, Ibrahim Mahama, said it was a proud moment for both the company and Ghana.
He stated that E&P was committed to ensuring that the projects, which had remained dormant for too long, would deliver real value to the country and its people.
He also said the company would work transparently with regulators and stakeholders to build mines that create shared prosperity.
E&P concluded that with the acquisition completed, it was ready to begin an intensive development programme, which it believed would set a precedent for Ghanaian-led mining ventures capable of competing globally while prioritizing national benefit.
By: Jacob Aggrey
The 24 Hour Economy Authority has signed a Memorandum of Understanding with Hunan Architectural Design Institute Group to support the planning of the Volta Economic Corridor.
The agreement aims to guide how land within the corridor will be used, design key infrastructure, and develop systems that will support large scale production.
The partnership will focus on detailed planning to make the area ready for investment and smooth business operations.
The project will include the development of agroecological parks, industrial zones, and transport networks to connect production centres to markets.
According to the Authority, proper planning is critical to building strong economic systems and expanding production across the corridor.
It noted that the collaboration with the Chinese design firm will help lay a solid foundation for industrial growth and long term development within the Volta Economic Corridor.
By: Jacob Aggrey
President of the Ghana Bar Association, Efua Ghartey, has called on judges and lawyers to carry out their duties with humility, fairness, and a strong sense of responsibility.
She made the appeal during the Supreme Court at 150 celebration held at the University of Ghana, under the theme “Honouring the past, celebrating the present and defining the future.”
Addressing participants, she noted that those in the legal profession occupy positions of great power and influence, and must therefore remain humble in the discharge of their duties.
She urged both the bench and the bar to deliver justice without fear or ill will, stressing the need for fairness in handling cases.
Reflecting on the significance of the celebration, she explained that the year 1876 marks not only the establishment of the Supreme Court but also the beginning of formally trained lawyers in the Gold Coast.
The GBA President questioned what Ghana would be without the rule of law, which is upheld by judges and lawyers, adding that the country could descend into a system where only the strongest survive if justice is not properly administered.
She further encouraged legal practitioners to reflect on their responsibilities and remain committed to upholding the rule of law for the benefit of all citizens.
By: Jacob Aggrey
